Short term easy solution done for political reasons. Not sure how this is going to make more housing units available?

In theory rising rents drive increasing prices and thus improve the business case for building. I'm not saying this is a good idea.

There are quite a few underdeveloped sites around D15 would presumably get built faster if there was stable demand at >1000/mo.

The problem is that 5% gross yield on 1000/mo gives a price of 240k, but AFAIK there are no new builds in the GDA prices as low as 240k.

I guess if the new builds are better than the Tiger stuff there's a chance that private sector renters will displace from old to new, depressing the price of the old stuff to the point where it makes sense for BTL, but the problem is that the older stuff is in mature estates many of which are quite pleasant to live in, notwithstanding the unexceptional BER ratings.

_________________"It's easy to confuse what is with what ought to be, especially when what is has worked out in your favour"Tyrion Lannister

_________________'Sitting on the sidelines, cribbing & moaning is a lost opportunity. I don't know how people who engage in that don't commit suicide because frankly the only thing that motivates me is being able to actively change something,' - Bertie Ahern 04/07/07

I know a lot of them, like [Jimmy] Flynn, [Noel] O’Flaherty and the Baileys. You meet the Baileys at Croke Park every time you go there. You can’t avoid getting a slap on the back going in from them. Most of these guys lost their shirt. I feel sorry for them - Bertie Ahern

Jennifer O'Regan has been sleeping in her car outside Kilcully cemetery in Cork with her children who range in age from three to 15. Ms O'Regan, originally from Farranree in Cork, previously lived in the UK before moving back home 15 months ago. Focus Ireland housed her in accommodation but she said they ended up in an "isolated" town in Co Clare.She returned to Cork three months ago and has been attempting to access emergency accommodation. Her partner drowned last year.